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Liberty Health Sciences Inc. (LHSIF)

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Liberty Health Sciences was launched to acquire and operate U.S. – based
companies in the medical cannabis market. Liberty is committed to delivering
high-quality, clean and safe pharmaceutical grade cannabis to patients while
optimizing returns to our shareholders.


Liberty Health Sciences Experiences a Significant Increase in Year-Over-Year Revenue and Provides Update on its Liberty 360 and Ohio Operations

Canada NewsWire

TORONTO, Dec. 7, 2018

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.

Liberty's recent quarterly revenue totalled $3.2 million and its fiscal year-to-date revenue totaled $6.5 million. This continued growth in revenue reflects the Company's improvement on returning patient count and the expanding dispensary base, as well as the strength of its partnerships with best-in-class brands such as PAX and Mary's Medicinals.

Liberty's patient count increased by 46% during the quarter ended November 30, 2018 to approximately 14,500 patients. Supporting this growth is Liberty's accelerated pace in opening dispensaries, adding three additional dispensaries over the last quarter for a total of seven dispensaries and six delivery hubs opened to date. Liberty expects to open another seven dispensaries by the end of February 2019 to a total of 14 dispensaries across Florida, including locations in Miami, Boca Raton and Gainesville, subject to the receipt of all necessary approvals from the Florida Department of Health. Under the state regulations, the Company is entitled to open up to 30 dispensaries. Accordingly, Liberty will continue to seek suitable locations in response to the state's growing patient count.

"We are happy with the progress we are making as we continue to move forward on both dispensary openings and operational capacity," said George Scorsis, CEO of Liberty Health Sciences. "Liberty remains committed to growth and operational excellence across Florida and to potential expansion opportunities in other states."

In support of the ongoing opening of its dispensary locations, Liberty expects to finish construction in phases on the planned 225,000 square feet Liberty 360 facility including the state-of-the-art processing and production space in 2019. Liberty is currently operating 20,000 square feet of cultivation space at the Liberty 360 property as well as 24,000 square feet at the original Alachua property to support the growing demand for product. The next phase, expected to be completed in early 2019, will add 80,000 square feet of cultivation space. Liberty is fully funded to complete these capital expenditures.

"Our cultivation team is doing an excellent job and we continue to get amazing yields from our operations," said Lewis Swarts, VP Operations of Liberty Health Sciences. "The automation we have introduced into our processing operations is paying dividends as we are able to keep up with the increase in demand from our growing patient base."

In addition to the expanded cultivation and processing space, the facility will also include a state-of-the-art research and development lab. With the completion of the processing plant, Liberty's extraction capacity will increase by nine times its current level.

The completion of Liberty 360 will allow Liberty to significantly increase its production capacity, expand its product line and provide scientific and technical support for Liberty's operations in other states. Liberty currently employs just under 200 people across its operations and dispensaries. With the anticipated completion of Liberty 360, the Company expects to employ a diverse workforce of up to 500 people including patient liaisons, scientists, engineers and cultivation specialists.

In Ohio, Liberty, together with their joint venture partners, the Schottenstein Group, expects to open their dispensary in Dayton, Ohio at the end of March 2019. Its processing facility will open subsequent to that in the spring of 2019, each depending on the receipt of the required regulatory approvals. The joint venture has secured a 10,000 square foot processing facility, which will be used for extraction, refining, formulation and packaging.

"Liberty is committed to bringing the same high-quality offerings to Ohio as we have in Florida," said Scorsis. "With the knowledge base gained over our last year of operation, we believe we have the team and tools to continue to succeed."


Company website https://www.libertyhealthsciences.com   




Market Cap Market Cap                           145,022,067                                    07/30/2019

Outstanding Shares                345,290,635                                    07/18/2019

Restricted                                    6,017,957                                    07/18/2019

Unrestricted                            339,272,678                                     07/18/2019

Held at DTC                                6,442,759                                      07/18/2019

Float                                        280,000,000                                      07/18/2019




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#4506  Sticky Note #LHSIF:.Liberty.Health.Sciences.Opens.17th.Florida.Dispensary.In.Panama.City...: captainscotty 09/04/19 08:00:59 AM
#1793  Sticky Note 3-takeaways-from-aphria-inc-tseapha-divestiture-of-liberty-health-sciences UnderOath-KY 02/20/19 10:01:29 AM
#5293   BOOM !!! MCOW19 10/21/19 04:07:29 PM
#5292   Looks like we got some heavy buying that MCOW19 10/21/19 04:06:46 PM
#5291   LHS traded well today. We got a bullish Magister 10/21/19 04:04:47 PM
#5290   Yes, very impressive. imho Magister 10/21/19 03:58:14 PM
#5289   This one had me tearing up a bit. sn0wman4unc 10/21/19 03:05:01 PM
#5288   "We have guys coming in from California and sn0wman4unc 10/21/19 02:58:04 PM
#5287   This Video? sn0wman4unc 10/21/19 02:51:25 PM
#5286   Sooo,True...I have always tried to stay away from dwp 10/21/19 02:46:38 PM
#5285   That's just production capability, that's not even considering sn0wman4unc 10/21/19 02:29:46 PM
#5284   Agree. Those numbers are really impressive. I'm in Magister 10/21/19 01:32:16 PM
#5283   Even with the current crappy stock valuation,the value dwp 10/21/19 12:36:05 PM
#5282   From my view that's pretty impressive stuff. Numbers Magister 10/21/19 12:30:11 PM
#5281   Liberty 360 dwp 10/21/19 12:17:11 PM
#5280   numbers are getting hard to ignore. Especially DrFunktastic 10/21/19 12:04:44 PM
#5279   You're better at this. sn0wman4unc 10/21/19 11:48:11 AM
#5278   It was if you had your catchers mitt Magister 10/21/19 11:46:21 AM
#5277   And I'm typing responses on my freshly cracked sn0wman4unc 10/21/19 11:38:45 AM
#5276   Understandable on the hold. sn0wman4unc 10/21/19 11:14:20 AM
#5275   I'm new here but .28 looks like a ndww42 10/21/19 11:06:47 AM
#5274   Time will tell... sn0wman4unc 10/21/19 11:04:47 AM
#5273   Nice breakout candidate ndww42 10/21/19 10:51:44 AM
#5272   I was blown away by the LHS facility. Magister 10/21/19 08:06:03 AM
#5271   It should be an exciting day for longs.... GLTA marathon man 10/21/19 07:54:08 AM
#5270   So. When the tortoise has almost caught Ignatius J. Reilly 10/20/19 11:14:51 PM
#5269   The tortoise is also just beginning to receive sn0wman4unc 10/20/19 07:37:24 PM
#5268   There’s been a host of past reasons but dwp 10/20/19 07:18:17 PM
#5267   I'll second Magister on this. --- sn0wman4unc 10/20/19 06:56:30 PM
#5266   They had some adversity and appeared to be Magister 10/20/19 04:13:59 PM
#5265   Wondering why this one is trading so low currently? Ignatius J. Reilly 10/20/19 03:57:09 PM
#5264   That’s where my head is at. I FastMny 10/20/19 03:38:46 PM
#5263   I am trying to get a feeling for bgATL 10/20/19 03:24:03 PM
#5262   https://www.projectcbd.org/medicine/medical-marijuana-patient-als-outlives-her-d livelongandprofit 10/20/19 12:40:25 AM
#5261   Great Post! sn0wman4unc 10/19/19 02:04:26 PM
#5260   Jealous sn0wman4unc 10/19/19 01:43:10 PM
#5259   dwp I did see that and it Mrone 10/19/19 12:45:47 PM
#5258   Hey Mrone...Have you seen the new Liberty Vape dwp 10/19/19 12:38:44 PM
#5257   I am confident it will and that Liberty Mrone 10/19/19 12:01:24 PM
#5256   Absolutely,Fast...The Analysts Just haven’t caught on yet to dwp 10/19/19 09:13:01 AM
#5255   This is a gold mine and only those FastMny 10/19/19 08:54:44 AM
#5254   Liberty and Alt-Med are proving that the number dwp 10/19/19 08:39:52 AM
#5253   Amazing! futurefunder 10/19/19 07:37:07 AM
#5252   just plain sweet Magister 10/18/19 06:52:40 PM
#5251   Liberty did close to $1,000,000 US this week. Mrone 10/18/19 06:36:00 PM
#5250   Cura did for sure! Mrone 10/18/19 06:12:38 PM
#5249   Cura did for sure! Mrone 10/18/19 06:12:37 PM
#5248   LHSIF - closed .31 Whee!!! some one impressed Magister 10/18/19 05:57:55 PM
#5247   Trul and Cura lost a lot of market marathon man 10/18/19 05:47:34 PM
#5246   Boooooom!! FastMny 10/18/19 05:40:27 PM
#5245   Plus an increase of over 300,000 mgs of Mrone 10/18/19 05:39:10 PM
#5244   Yep, 2958 oz. another record week Mrone 10/18/19 05:36:12 PM